Industry News

Top 10: Krispy Kreme adds CPG snacks and H-E-B boosts pay

This week’s most-clicked food and beverage story by SmartBrief readers was news that doughnut chain Krispy Kreme has added new products to its retail line. The three flavors of bite-sized doughnuts and two flavors of mini crullers are currently available at Walmart stores with seasonal offerings to follow.

In other consumer packaged goods news, Dreyer’s Grand Ice Cream announced its decision to rename its Eskimo Pie frozen treats by the end of the year to cease using branding that uses a racial stereotype. This news follows several other CPG brands, such as Aunt Jemima and Uncle Ben’s, announcing the overhaul of product names and branding that are based on racial stereotypes.

Top stories on this week’s most-clicked list about food retail include Albertsons’ launch of its initial public offering, which is estimated to earn over $1.3 billion. Another retailer in the news this week was H-E-B because the grocery chain is offering permanent wage increases for its workers during the coronavirus pandemic.

At the beginning of the coronavirus outbreak in the US, groceries saw unprecedented demand for essential products. Kroger has reported that it has begun to see a decrease in consumer stockpiling, and the grocery retailer expects sales to continue to wane as the quarter goes on, according to Kroger Chief Financial Officer Gary Millerchip.

The foodservice industry is also seeking more support amid the pandemic with lawmakers proposing federal legislation in Congress to establish a $120 million support fund for independent restaurants and small businesses. The two bills were created with input from the National Restaurant Association.

As many states begin to allow foodservice businesses to reopen, Chef Daniel Boulud of New York City’s Bar Boulud and Epicerie offers advice on how fine dining can adapt during this time, taking the No. 4 spot on this week’s list. Another top story was Raising Cane’s Chicken Fingers CEO Todd Graves announcement that he will contribute $2 million for a reality show that aids 20 restaurants as they recover from the financial fallout of the pandemic.

Check out the complete list of this week’s top 10 most-clicked stories in SmartBrief's food and beverage briefs:

  1. Krispy Kreme to launch bite-sized snack line at retail
  2. Dreyer's to rebrand Eskimo Pie
  3. Daniel Boulud contemplates the future of fine dining
  4. CEO Michele Buck shares Hershey's transformation story
  5. Raising Cane's CEO plans "Restaurant Recovery" show
  6. Albertsons launches IPO, looks to raise $1.3B
  7. H-E-B making employees' pay increases permanent
  8. Bills propose $120B pandemic recovery fund
  9. Kroger: Shopper stockpiling has started to lessen
  10. CEO of Famous Dave's parent on M&A during the pandemic

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